PGF Capital acquires Kulim land for RM40mil to boost insulation production


PGF Capital Bhd executive director cum group chief executive officer Fong Wern Sheng

KUALA LUMPUR: PGF Capital Bhd has proposed a piece of freehold land measuring 96,720 square metres in Kulim, Kedah for RM40mil.

In a filing with Bursa Malaysia, the insulation producer announced that its wholly-owned subsidiary, NetZero Technology Sdn Bhd, has entered into a sales and purchase agreement (SPA) for the acquisition of freehold land in Pekan Padang Meha, Kulim, Kedah, from Senam Jaya Sdn Bhd. This land will be developed into the Kulim East Industrial Park.

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